Companies

EDP Renewables (EDPR) added a total of 465MW of wind and solar capacity in Q1 2022, mainly due to its acquisition of Singaporean developer Sunseap, while it recorded a net profit of €66 million (US$69.8 million), up 75% on the previous year. 

US residential solar installer SunPower’s backlog soared to a record 13,800 customers entering Q2 2022 with the installer confirming a series of investments it is making to meet surging demand.

German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.

A breakdown of leading US solar installer Sunrun's financial results for Q1 2022 when it added 29,463 customers, with management now expecting installed solar capacity to be 25% or greater for the full year 2022.

Oil and gas company Galp is acquiring a portfolio of under development solar plants in Brazil with a combined capacity of up to 4.6GWp.

US developer Origis Energy has secured a loan that will help it progress with its pipeline of more than 20GW of solar, PV-plus-storage and standalone storage projects.

US residential solar installer Sunnova is to launch an energy plan aimed at providing new customers with discounts on utility power prices.

Inverter manufacturer SolarEdge benefited from high demand for its products in Europe to increase revenues to a quarterly record while navigating a shortage of electronic components.

Private equity firm Actis has agreed to sell its Sprng Energy renewables platform to energy major Shell for US$1.55 billion.

Investment firm KKR has reached an agreement to acquire French renewables developer Albioma.